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Old 11-27-2012, 10:30 PM
 
6 posts, read 8,804 times
Reputation: 20

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I completed a buying transaction on Ebay using PayPal last Monday. I was never asked for my SSN and I have never given it to either site. The SSN must only be required for heavy sellers and not for the buyers.

Last edited by txlefty; 11-27-2012 at 10:31 PM.. Reason: Bad Grammar ;)
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Old 11-28-2012, 02:26 AM
 
1,561 posts, read 2,371,382 times
Reputation: 2351
Well, it shouldn't be asked for, period. Selling something is not considered earning a wage.
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Old 11-28-2012, 04:53 AM
 
4,246 posts, read 12,026,260 times
Reputation: 3150
LOL, people hate tax fraud but when it's them it's bull crap.
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Old 11-28-2012, 04:55 AM
 
4,246 posts, read 12,026,260 times
Reputation: 3150
Quote:
Originally Posted by colcat View Post
Well, it shouldn't be asked for, period. Selling something is not considered earning a wage.
Uh, you give your SS# to plenty of places that you don't earn a wage from. You actually pay businesses a monthly fee for services or for using their cash and paying them back.
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Old 11-28-2012, 06:26 AM
 
Location: TX
2,016 posts, read 3,523,041 times
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Quote:
Originally Posted by colcat View Post
Well, it shouldn't be asked for, period. Selling something is not considered earning a wage.
A lot of people have businesses selling on eBay. For them, it should be considered earning a wage and they should have to pay taxes on the income. For all of us folks getting rid of our junk at a loss, PayPal should not need our SSN.
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Old 11-28-2012, 07:00 AM
 
1,561 posts, read 2,371,382 times
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Quote:
Originally Posted by kreeyax View Post
A lot of people have businesses selling on eBay. For them, it should be considered earning a wage and they should have to pay taxes on the income. For all of us folks getting rid of our junk at a loss, PayPal should not need our SSN.
Thanks for the clarification. I don't do eBay, but if I did, it would be to sell unwanted stuff and such.
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Old 11-29-2012, 05:43 AM
 
15,632 posts, read 24,431,732 times
Reputation: 22820
The IRS now requires that Paypal furnish a list of users who receive over $20,000 in gross payment volume AND over 200 separate payments in a calendar year. If Paypal doesnt furnish the name/address info SSN/TIN for those customers, Paypal will be fined. In addition, Paypal must furnish the names/addresses of anyone who refuses to furnish that info to Paypal.

I worked for a company that made payments to people and we were required to furnish, to the IRS, the same info for anyone who received $600/year. The IRS takes this "request" very seriously. When we didnt have a SSN/TIN and couldnt get it from various people (because they didnt respond to our request), the IRS fined us -- and then went after them and fined them too. And, several times people gave us false SSN/TIN's -- in those cases the IRS notified us that the number was incorrect and then really went after whoever gave us the wrong info.
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Old 11-29-2012, 07:14 AM
 
391 posts, read 424,901 times
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Quote:
Originally Posted by colcat View Post
Well, it shouldn't be asked for, period. Selling something is not considered earning a wage.
guess what, it's not "wages" that are taxable. It's income, from all sources derived. And selling on ebay is definitely income.

Obviously, the IRS is not going to look at every seller but I'm not surprised at all they're looking at records for those above a certain threshold.
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Old 11-29-2012, 07:15 AM
 
16,431 posts, read 22,198,807 times
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Quote:
Originally Posted by desertsun41 View Post
Just fill in a fake number.
Sounds good.
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Old 11-29-2012, 09:28 AM
 
1,561 posts, read 2,371,382 times
Reputation: 2351
Quote:
Originally Posted by Mandres View Post
guess what, it's not "wages" that are taxable. It's income, from all sources derived. And selling on ebay is definitely income.

Obviously, the IRS is not going to look at every seller but I'm not surprised at all they're looking at records for those above a certain threshold.
If you would read my last post, you would know that I now understand it.
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